Kathmandu, Last month’s heavy rainfall has led to significant financial losses, with the Insurance Authority reporting the highest number of flood and landslide claims in the Kathmandu Valley. According to the data, over 87 percent of the claims were...

Kathmandu, More than Rs 20 million has been collected from insurance companies operating in Nepal for the International Inclusive Insurance Conference 2024, organized by the Nepal Insurer Association, Life Insurer Association, Nepal Micro Insurer Association and Nepal Insurance Authority. ...

Kathmandu, Several prominent insurance experts in Nepal have expressed surprise at not being informed or participated to the upcoming International Inclusive Insurance Conference organized by Munich Re, which is set to be held in Kathmandu. The event, organized under...

Kathmandu, The Ministry of Agriculture and Livestock has introduced a revised procedure for providing subsidies on crop and livestock insurance, reducing the percentage of the insurance premium subsidies that were previously available. Under the new guidelines, the standard 80...

Kathmandu, Shikhar Insurance Company has announced that it is rapidly processing insurance claims related to recent floods and landslides caused by continuous rainfall since Ashwin 11th. The company is prioritizing swift payouts for smaller and simpler claims to provide...

Kathmandu, The highly anticipated three-day international insurance conference, organized by the Nepal Insurance Authority, has been postponed. Originally scheduled for 7 to 9 October 2024 (mid-Ashoj), the event was set to bring together key stakeholders in the insurance sector...

Kathmandu, IME Life Insurance has introduced a new term life insurance plan named Best Term Life Jeevan Bima Yojana, specifically designed to cater to individuals from various professional backgrounds. The company, in its official statement, highlighted that the plan...

Kathmandu, The non-life insurance sector in Nepal has seen significant growth in the current financial year, with total business increasing by 9.34% by the end of Bhadra month. This rise is attributed to increased economic activity and a surge...

Kathmandu, Sun Nepal Life Insurance Company Limited celebrated its 7th anniversary by unveiling two new life insurance policy: Sunlife Medicare and Sunaulo Bal Samridh Jeevan Bima Yojana. Launched on Sunday, these plans aim to strengthen medical and financial security...

Kathmandu, A discussion and interaction program on the necessary preparations for the implementation of Nepal Financial Reporting Standard-17 (NFRS-17) was held in Kathmandu on Wednesday. The event, organized by the Nepal Insurance Authority, aimed to bring together accounting regulatory...